Category: Gold & Silver 2019
The analysis published under this category are as follows.
Friday, February 22, 2019
Gold Bullhorns Quieted for a Day, at Least / Commodities / Gold & Silver 2019
By: Gary_Tanashian
Over in the gold patch things went from disinterested and downright antagonistic (A Notable Lack of Interest in Gold) to sleepy (Gold “Community” Crickets) to ferociously over bullish.
Any long-time and right minded gold bug will tell you that the latter condition is usually a signal to prepare for some turbulence.
Wednesday and Thursday brought the turbulence in the form of a reversal and pullback for gold, silver and the miners.
Since we became constructive on the gold sector in Q4 2018 (per the links above and especially NFTRH reports/updates) the groundswell of gold boosting (pom poms and all) has steadily risen since it became obvious that something bullish was going on in January. And it appears that last week’s breakout from various daily chart bull flags in gold, silver and the miners finally jerked ’em all in. Enter the Thursday pullback.
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Thursday, February 21, 2019
Gold Weakens After FOMC Minutes / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
The recent minutes show that the Fed is divided over future rate hikes. How should gold investors react?
To Hike, or not to Hike, That Is The Question
As Chairman Powell has been good at communicating the US central bank’s plans, the recent FOMC minutes do not contain too many surprises. In January, the Fed took investors by surprise, saying that it could be patient on interest rates. The minutes elaborated on this, explaining that a patient approach offers many benefits – additional data would shed some light on the recent softness in inflation, would enable the Fed official to observe effects of past rate hikes and would allow time for a clearer picture of trade and fiscal policy, and the state of the global economy – and only few risks, as inflationary pressure is muted, while asset valuations less stretched:
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Thursday, February 21, 2019
Gold Technical Perspective – Why So Bullish? / Commodities / Gold & Silver 2019
By: Kelsey_Williams
Does technical analysis need to be so convoluted? Here are a couple of definitions from different sources:
1) Convoluted: (especially of an argument, story, or sentence) extremely complex and difficult to follow. (source)
2) Convoluted sentences, explanations, arguments, etc. are unreasonably long and difficult to understand.
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Thursday, February 21, 2019
Why Is Central Bank Buying Of Gold So Important? / Commodities / Gold & Silver 2019
By: Avi_Gilburt
There is an old Yiddish expression called a bubbe meise (pronounced my-seh). I guess the closest English interpretation of this expression would be a grandmother’s tale, or in the common vernacular, an old-wives' tale.
Of late, I am seeing a bubbe meise about the importance of central bank buying of gold, and it is making its rounds on websites all over the internet.
We have been hearing for many years about how gold is supposed to soar because countries and central banks are buying the precious metal. Most of the fundamentalists in this market are convinced that this is a bullish signal. In fact, one article I read explained that central bank buying “is significant, as central banks are the 'smart money' given their influence on global economics and access to non-public information.”
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Wednesday, February 20, 2019
Has Gold Price Reached Upside Resistance Near $1340-1360? / Commodities / Gold & Silver 2019
By: Chris_Vermeulen
Our research has indicated that precious metals should be setting up for a period of rotation and sideways trading over the next 20~30 days. We issued a research post on January 28, 2019 warning that precious metals would be consolidated over a 30~45 day period before setting up for a massive upside price move, here. This research was based on our Adaptive Dynamic Learning price modeling system and from our Adaptive Learning Cycles system. We believe this research is still very valid and want to alert metals traders that resistance in GOLD can be easily identified near $1340-1360.
The Weekly gold chart, below, highlights the resistance channel that originates in 2016 and continues with multiple peaks in 2017, 2018 and now. We believe this resistance will act as a price ceiling over the next few weeks before metals prices attempt an upside breakout as we suggested in our January 28 research post.
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Wednesday, February 20, 2019
Gold and the Great Global Wealth Grab / Commodities / Gold & Silver 2019
By: Graham_Summers
Gold continues to soar, up 14% in the last six months and now challenging its 2018 highs.
If you’re looking to understand why Gold continues to rally, you don’t have to look any further than the political arena where more and more politicians are calling for wealth taxes and cash grabs.
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Tuesday, February 19, 2019
Should We Declare Emergency for Gold? / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Sixteen states sue Trump over border wall emergency. Is it good or bad for the yellow metal?
Trump’s National Emergency and Gold
On Friday, President Trump declared a national emergency to obtain funds for building a wall along the U.S.-Mexico border, which was his key promise during a campaign. According to the President’s proclamation :
the current situation at the southern border presents a border security and humanitarian crisis that threatens core national security interests and constitutes a national emergency. The southern border is a major entry point for criminals, gang members, and illicit narcotics.
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Tuesday, February 19, 2019
The Coming Restoration of Silver / Commodities / Gold & Silver 2019
By: Hubert_Moolman
The way I see it, silver has basically two major categories of use. The first and most important use is as a monetary asset. It is only when used as a monetary asset that it could realize its true (or fair) value.
Currently, it is probably as far away (not time wise though) from being used as a monetary asset, as it has ever been. It is for this reason that silver is so under valued and such a must-buy.
The second is really all other uses that is strictly non-monetary. This is how it is currently (materially) being used. Under this scenario it is just another asset that rises in price when excessive credit (including money printing) is created.
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Sunday, February 17, 2019
Fed Chairman Deceives; Precious Metals Mine Supply Threatened / Commodities / Gold & Silver 2019
By: MoneyMetals
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up Chris Martenson of PeakProsperity.com and famous author of The Crash Crouse and his latest book Prosper! joins me to dissect what’s behind the Yellow Vest movement in France and why the mainstream media and those in power simply don’t want you to know what’s really going on there. Chris also tells us which precious metal he most favors right now. Don’t miss another wonderful interview with the great Chris Martenson, coming up after this week’s market update.
In a recent speech, Federal Reserve chairman Jerome Powell told some real whoppers. We’ll address his misrepresentations head on, in just a bit.
But first, let’s review this week’s market action. Despite drama in Washington over averting a government shutdown and prompting President Donald Trump to declare a national emergency on the border, nothing too dramatic is happening in the gold market.
Prices are trading in a tight range, coming in essentially unchanged from last Friday’s close. Gold currently trades at $1,316 per ounce.
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Friday, February 15, 2019
Is Gold Market 2019 Like 2016? / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Have you even wanted to travel in time? You can, at least when reading about the gold market. Many analysts claim that this year is like 2016 for the gold market. We invite you to read our today’s article about the similarities and differences between the precious metals market then and today and find out what do they imply for the gold prices.
Finally, the scientists have invented the time machine! This is at least what we hear from many people: that we went back in time to 2016. Indeed, there are certain similarities between the precious metals market then and today. What are they – and what do they imply for the gold prices?
Let’s look at the chart below, which shows the price of the yellow metal since December 2015. As one can see, gold has rallied since December 2018, just like three years earlier.
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Friday, February 15, 2019
Gold is on the Verge of a Bull-run and Here's Why / Commodities / Gold & Silver 2019
By: Umer_Mahmood
The majority of gold traders are very bearish on the gold market currently. The sentiment could signal a start of a possible jump in price for the precious metal.If you are also expecting such a price shift, you might want to consider buying the SPDR Gold Shares ( a fund holding bullion bars).
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Wednesday, February 13, 2019
Will 2019 be the Year of the Big Breakout for Gold? / Commodities / Gold & Silver 2019
By: Michael_J_Kosares
In each of the last three years, gold has gotten off to a strong start only to fizzle as the year moved along. Will 2019 be the year gold finally breaks the pattern? A good many investors, fund managers and analysts think that 2019 might very well be the year when gold breaks the restraints and pushes to higher ground. One of those is Carter Worth of Cornerstone Macro in New York who CNBC’s Melissa Lee refers to as “the chart master.” In a recent interview with Lee, Worth referred to the long-term chart below saying that there is “a well-defined set-up and a lot of tension” which he says is going to resolve to the upside – “a breakout to all-time highs.” With respect to gold’s relationship to the dollar, Worth says “Gold’s got its own momentum now. . .It is all setting-up for higher gold prices and trouble for equities, trouble for the economy.”
Wednesday, February 13, 2019
Where Is Gold’s Rally in Response to USD Weakness? / Commodities / Gold & Silver 2019
By: P_Radomski_CFA
Yesterday, the USD Index moved substantially lower while precious metals barely yawned. Why is gold not rallying? What does the gold-USD link tell us now, in combination with latest developments throughout the PMs sector? Let’s examine these and many more clues together.
Almost nothing happened yesterday in gold and silver, while miners moved a bit lower. The latter is a bearish indication, but not the most important one that we saw. The key issue is that what happened in the gold-USD link showed that gold was previously not showing strength with regard to the US currency. Yesterday’s action confirmed our yesterday’s thoughts on that matter. We explained the reasoning behind the lack of decline in gold in light of USD’s rally in the following way:
One reason might be that gold is simply showing strength, as it doesn’t want to move lower – it’s waiting for factors on which it could rally. But we don’t think that this the correct interpretation. There are multiple long-term bearish factors that remain in place and thus it seems that there might be a different interpretation. And there is. Actually, there are two reasons due to which this might be the case.
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Tuesday, February 12, 2019
Gold Market in 2019: WGC versus LBMA / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
Both the WGC and LBMA published outlooks for the global economy and gold market in 2019. Who is right?
WGC’s Outlook for Gold in 2019
Let’s start from the World Gold Council (WGC) which published its 2019 outlook on January 10th. As befits the organization representing industry’s interests, the WGC is bullish on gold prices. No surprises here. According to the institution, the following trends will mainly shape the gold market in 2019: financial market instability, monetary policy and the US dollar, and structural economic reforms.
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Tuesday, February 12, 2019
Gold Prices Continue to Breakdown / Commodities / Gold & Silver 2019
By: Chris_Vermeulen
On January 28, 2019, our research team issued a research post indicating we believed that Precious Metals would rotate lower over the next 45+ days in preparation for a momentum base/breakout that would initiate sometime near the end of April or early May. Recent price weakness in Gold has begun to confirm our analysis and we believe this price weakness will continue for the next 2~4 weeks while traders identify a price bottom and hammer out a momentum base/support level.
Gold is currently down another -1% this week and testing the $1307 level after rotating back to near $1320. Our analysis continues to suggest price weakness in the Precious Metals markets going forward for at least 2~3 more weeks. We are expecting the price of Gold to fall below $1290 and ultimately, potentially, test the $1260 level where we believe true support will be found.
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Monday, February 11, 2019
Financial Sector Calls Gold ‘Shiny Poo.’ Are They Worried? / Commodities / Gold & Silver 2019
By: MoneyMetals
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.
Coming up Larry Parks of the Foundation of the Advancement of Monetary Education joins me for an eye-opening discussion on our nation’s growing monetary problems and what you can do to help in the vital cause of bringing gold back into the nation’s consciousness. Larry also talks about the massive dangers our nation’s pension funds are facing. Don’t miss a must-hear interview with Larry Parks, one of the foremost experts on sound money, coming up after this week’s market update.
Gold and silver markets are pulling back a bit this week on the heels of U.S. dollar strength.
The dollar is benefiting from weakness in European currencies. Brexit uncertainties and downbeat economic forecasts for the European Union are weighing on the euro.
The corresponding dollar rally helped pull gold prices back down near the $1,300 support level in early trading Thursday. As of this Friday recording, gold trades at $1,314 an ounce – down a slight 0.3% for the week. Silver checks in at $15.79 to post a weekly decline of 0.9%. Platinum prices are off 3.5% to come in at an even $800. And finally, palladium is showing impressive relative strength, yet again – up 2.6% this week to bring spot prices to $1,396 per ounce.
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Saturday, February 09, 2019
Are Gold Bulls Naively Optimistic? / Commodities / Gold & Silver 2019
By: Kelsey_Williams
Are gold bulls naively optimistic? They are certainly optimistic; at least as regards their expectation for higher gold prices. But is that all that is needed to make them happy?
If gold marches higher from here, does that signify that all is well? Would the gurus and wanna-be millionaires be proven correct if gold were priced at $10,000.00 per ounce?
We could ask when. But if those who expect big things for gold are correct, then when might not matter.
Let’s say you want to buy a stock – any stock – that is priced at 13. You have done your due diligence and you are convinced that it can go to 100.
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Saturday, February 09, 2019
Gold, Silver Precious Metals Update / Commodities / Gold & Silver 2019
By: Gary_Tanashian
I reserve most of the work on precious metals for NFTRH weekly reports and in-week updates because it is done on a consistent basis, with the work done previously key to the narrative making sense in real time and going forward. In other words, in order to not be out there stabbing in the dark you need to have an ongoing, adjustable plan that makes sense at all times with the macro markets around it.
So that said, let’s take a snapshot of where things stand currently with the understanding that this work will need future updates, which will probably not be made publicly. It is up to the reader to do the work required to put context to the picture. Meanwhile, this will free up more space in next week’s NFTRH 538 to focus on some quality miner charts, which sometimes take a back seat to the macro/sector stuff.
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Friday, February 08, 2019
20 Year of Eurozone and Gold / Commodities / Gold & Silver 2019
By: Arkadiusz_Sieron
The old continent is dying. The euro is on the brink of collapse. This is what you can often hear in the press. But is that really the case? We invite you to read our today’s article about the development of the Eurozone in the last twenty years and find out what are the real prospect of the euro – and what does it imply for the gold market.
In December, we celebrated 40 years of market reforms in China. In January, there was another important anniversary: 20 years of the euro area. So, let’s move from East Asia to Europe, analyzing the economic situation of the Eurozone and its implications for gold.
After years of negotiations and preparations, the euro was launched on January 1st, 1999. Initially, the shared currency was only virtual, and the national currencies were still legal tenders used in circulation. For ordinary citizens little changed. However, the exchange rates between national currencies were locked at fixed rates against each other, while the European Central Bank took control over their monetary policy. The euro notes and coins entered the circulation three years later.
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Friday, February 08, 2019
Gold Market Extremes Test Your Mettle / Commodities / Gold & Silver 2019
By: Avi_Gilburt
This article was originally published on Sun Feb 3 for members of ElliottWaveTrader: Extremes are the hallmark of the metals market. And those that handle the extremes best are usually the ones who do best in the metals market.
Consider the extremes we experienced in August and September of 2011. Gold had days where it would rally $50 in a single day during its final parabolic move. Moreover, everyone you spoke with would express their certainty that gold would soon eclipse the $2,000 mark, on its way to much higher levels.
Yet, I remained steadfast in my analysis which suggested the $1,915 region would provide us with a top. While the market continued $6 higher than my expectation, I think we all recognize what occurred at that time.
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